Gagnon Securities LLC Has $236,000 Stake in Archer Daniels Midland Co (ADM)
Gagnon Securities LLC lessened its position in Archer Daniels Midland Co (NYSE:ADM) by 50.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,876 shares of the company’s stock after selling 6,010 shares during the period. Gagnon Securities LLC’s holdings in Archer Daniels Midland were worth $236,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Ffcm LLC raised its position in shares of Archer Daniels Midland by 126.4% in the fourth quarter. Ffcm LLC now owns 2,551 shares of the company’s stock valued at $102,000 after buying an additional 1,424 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Archer Daniels Midland by 188.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,554 shares of the company’s stock worth $102,000 after purchasing an additional 1,668 shares during the last quarter. Acropolis Investment Management LLC increased its position in Archer Daniels Midland by 1,923.9% during the fourth quarter. Acropolis Investment Management LLC now owns 3,218 shares of the company’s stock worth $129,000 after purchasing an additional 3,059 shares during the last quarter. Trustcore Financial Services LLC acquired a new position in Archer Daniels Midland during the fourth quarter worth approximately $130,000. Finally, Sun Life Financial INC acquired a new position in Archer Daniels Midland during the third quarter worth approximately $147,000. 76.48% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently commented on ADM shares. Buckingham Research raised shares of Archer Daniels Midland from a “neutral” rating to a “buy” rating and upped their price target for the stock from $41.64 to $47.00 in a research report on Wednesday. Vertical Group raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Thursday, February 15th. Zacks Investment Research raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Stifel Nicolaus dropped their price target on shares of Archer Daniels Midland from $44.00 to $43.00 and set a “hold” rating for the company in a research report on Monday, January 22nd. Finally, Robert W. Baird upped their price target on shares of Archer Daniels Midland from $47.00 to $49.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $43.38.
Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.12. Archer Daniels Midland had a net margin of 2.62% and a return on equity of 7.91%. The company had revenue of $16.07 billion during the quarter, compared to analyst estimates of $16.64 billion. During the same quarter in the prior year, the business earned $0.75 earnings per share. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. research analysts forecast that Archer Daniels Midland Co will post 2.8 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 20th will be given a $0.335 dividend. The ex-dividend date is Friday, February 16th. This represents a $1.34 annualized dividend and a dividend yield of 3.18%. This is a positive change from Archer Daniels Midland’s previous quarterly dividend of $0.32. Archer Daniels Midland’s dividend payout ratio is presently 47.86%.
Archer Daniels Midland Profile
Archer-Daniels-Midland Company is a processor of oilseeds, corn, wheat, cocoa and other agricultural commodities. The Company manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. Its segments include Agricultural Services, which utilizes its United States grain elevator, global transportation network and port operations to buy, store, clean and transport agricultural commodities, such as oilseeds, wheat, milo, oats, rice and barley, and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry; Corn Processing, which is engaged in corn wet milling and dry milling activities; Oilseeds Processing, which includes global activities related to the origination, merchandising, crushing and further processing of oilseeds; Wild Flavors and Specialty Ingredients products, which include flavors, sweeteners and health ingredients; Other, and Corporate.
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